Bank of Greece reports December 2025 current account deficit at EUR 3.9bn and 2025 deficit down to EUR 14.1bn

The Bank of Greece released balance of payments data for December 2025, showing the current account deficit widened year on year by EUR 129.2 million to EUR 3.9 billion, while the full-year 2025 current account deficit narrowed by EUR 2.8 billion to EUR 14.1 billion. The combined current and capital account deficit increased to EUR 3.8 billion in December but contracted to EUR 12.4 billion in 2025. In December, the goods deficit widened as imports rose faster than exports, while the services surplus shrank due to weaker transport and other services balances, partly offset by an improvement in travel receipts. The primary income account deficit was almost halved, while the secondary income deficit increased. For 2025, the goods deficit shrank as imports fell more than exports, the services surplus widened mainly on stronger travel receipts, and the capital account recorded a EUR 1.7 billion surplus (from a small deficit in 2024). In the financial account, portfolio flows were marked by higher non-resident holdings of Greek bonds and Treasury bills (EUR 780.0 million in December and EUR 14.5 billion in 2025), and other investment liabilities reflected higher non-resident deposit and repo holdings in Greece (including the TARGET account), partly offset by declines in outstanding debt to non-residents that included early repayment under the Greek Loan Facility. Greece’s reserve assets stood at EUR 20.3 billion at end-December 2025, up from EUR 14.6 billion a year earlier. Balance of payments statistics for January 2026 are scheduled for release on 23 March 2026.